Monday, October 31, 2011

Summary for week of Oct 24

This past week, we say further data reinforcing the view that multifamily activity is building while single-family activity remains near ten-year lows.

Also, all of the regional Housing Snapshots are now available, including:
Colo Springs
Pueblo
Northern Front Range
Grand Junction.

See the archive for all of them. The next statewide Snapshot will be available on the third-quarter data starts rolling in over the next few weeks.

Multifamily Permits:
September permits: multifamily permits up 88 percent in 2011. September itself was not unusually strong, but the YTD numbers continue to build.

New Home Sales: New home sales were up in the West during September but remained well below monthly totals seen from 2002-2007.